Gamma Holding NV Has Sold Its Clear Edge Filtration Business Unit

Gamma Holding NV has sold its Clear Edge Filtration business unit to the Chicago-based Filtration Group Corp. Filtration Group, which is owned by Madison Capital Partners, is a collection of more than 10 specialized filtration companies. Including Clear Edge, Filtration Group has revenues of more than US$700 million. Clear Edge will be part of Filtration Group’s Liquid Process Division which also includes industrial process filtration companies Global Filter and Jonell. Clear Edge will continue to be headquartered in Tulsa, Oklahoma, USA and will remain focused on mining and minerals, chemical processing, wastewater treatment and bulk food and beverage markets. Rick Von Drehle, CEO of Clear Edge, said: “We are delighted to have been acquired by Filtration Group. We look forward to working with the management team and other businesses of Filtration Group to build a truly unique filtration company. We also want to thank Gamma Holding and our departing shareholders Gilde Buy Out Partners and Parcom Capital for the support they have provided to us over the last two years as under their stewardship we have been able to aggressively grow our business.”